Rashee Rice Files for Bankruptcy With 3.45 Million in Debt

Kansas City Chiefs wide receiver Rashee Rice has filed for Chapter 7 bankruptcy in federal court in the Northern District of Texas, reporting more than 3.45 million in outstanding debt. The 26-year-old NFL player cited civil litigation expenses, including claims connected to a 2024 multicar crash in Dallas, among his major financial obligations.

According to federal court records, more than 2.1 million of Rice's reported liabilities involve plaintiffs pursuing civil lawsuits that have either been settled or remain pending before trial. His filing lists 677,054 in personal assets, including 421,825 in deferred compensation.

The documents also show that Rice has 13,640 in checking accounts. He reported renting his residence rather than owning property and identified 39,241 of his personal assets as nonexempt.

Rice's Chapter 7 filing allows eligible nonexempt assets to be used to repay creditors. The bankruptcy documents identify his largest creditor as being owed 979,837 under a 2025 civil settlement connected to the Dallas crash.

Several other potential liabilities remain disputed. Rice is contesting claims totaling 700,000 in lawsuits brought by victims of the 2024 collision, as well as a separate 200,000 claim connected to an alleged assault lawsuit.

The lawsuits stem from multiple legal disputes involving Rice. Several individuals sued him over his alleged role in a high-speed multicar collision in Dallas in 2024, while an ex-girlfriend accused him of repeatedly assaulting her between 2023 and 2025.

According to the bankruptcy documents, Rice also pledged his Super Bowl LVIII championship ring as collateral to Thomas McMurray, his attorney in the pending civil litigation. The ring was valued at 160,000 in the filing.

Rice's bankruptcy attorney, David Shuster, and the Kansas City Chiefs declined to comment on the filing. McMurray did not immediately respond to messages seeking comment from ESPN.

The bankruptcy filing comes during the final year of Rice's rookie contract with Kansas City. According to the contract figures cited in the report, he is scheduled to earn a base salary of 1,560,711 in 2026.

Rice has appeared in five games during the 2026 season, recording 20 receptions for 243 receiving yards and two touchdowns.